A leading Canadian bank seeking to acquire a US-based financial institution.
The bank required expert support to ensure a smooth post-merger integration, particularly in the sourcing and procurement functions. The goal was to maximize operational efficiencies, identify synergies, and optimize procurement contracts and supplier relationships across both organizations.
Managed the seamless integration of the target bank's procurement and sourcing workstream into the parent organization.
Identified contractual synergies and savings opportunities, focusing on procurement and supplier contracts.
Cleaned and integrated master data elements from both organizations’ procurement systems to establish a unified and streamlined procurement function.
Analyzed and identified common suppliers between the two banks, evaluating potential synergies to reduce costs and consolidate supplier relationships.
Our efforts resulted in a smoother procurement integration, significant cost savings, and improved supplier management, setting the foundation for future growth and operational efficiency.
